article thumbnail

MacKenzie Scott Gives $65 Million to National Community Development Group

The Chronicle of Philanthropy

This is the second donation the billionaire novelist has given Local Initiatives Support Corporation, following her initial $40 million gift in 2020.

article thumbnail

What’s Next for Community Development Finance?

NonProfit Quarterly

Posters at the conference highlighted that the first OFN conference in 1985 attracted 21 community development loan funds with a combined $27 million in assets under management. By contrast, according to the US SIF (Sustainable Investment Forum), the CDFI industry (including community development banks and credit unions) had $457.9

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are the Biggest Challenges in Getting (and Keeping) Your Nonprofit’s Staff and Volunteers?

Blue Avocado

Kathy Hickman from PGM Community Development Note: The opinions and product/service recommendations expressed above are solely those of the participants and do not necessarily represent those of Blue Avocado. My biggest challenge in recruiting and retaining volunteers is continuous engagement.

article thumbnail

Supporting Native communities is about listening and relationships

Candid

To do this, we’ve developed our own content, appeared at conferences, and spread the word on other platforms, like this one. Photo credit: Standing Rock Community Development Company The post Supporting Native communities is about listening and relationships appeared first on Candid insights.

article thumbnail

Scott Resumes Giving Away Millions In Large Chunks

The NonProfit Times

This is Scott’s second grant to LISC, one of the nation’s largest community development organizations. LISC received a $40 million gift from Scott in 2020, which was used to seed programs that narrow gaps in health, wealth and opportunity, particularly for communities of color.

Finance 93
article thumbnail

How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

Opportunities and Challenges LECs offer significant opportunities for community development practitioners and more importantly for low- and moderate-income households seeking to own a home. Additionally, many jurisdictions have extended a right to first refusal specifically to residents in manufactured housing communities.

article thumbnail

How Nonprofits Can Leverage Their Financial Relationships to Advance Justice

NonProfit Quarterly

Here are a few viable approaches that we have encountered: Collaborate with mission-aligned institutions : This might include partnerships with community development financial institutions (CDFIs), Minority Depository Institutions (MDIs), or local credit unions. What might building strategic relationships look like?

Finance 121